The AES (NYSE:AES) had its price target trimmed by Morgan Stanley from $14.00 to $12.50 in a research report released on Wednesday. The brokerage currently has an equal weight rating on the utilities provider’s stock.

Other analysts have also recently issued research reports about the stock. SunTrust Banks reaffirmed a buy rating and set a $15.00 price objective on shares of The AES in a research note on Wednesday, September 13th. Zacks Investment Research raised shares of The AES from a hold rating to a buy rating and set a $13.00 price objective for the company in a research note on Thursday, August 17th. Royal Bank of Canada reaffirmed a hold rating and set a $12.00 price objective on shares of The AES in a research note on Monday, September 11th. Bank of America raised shares of The AES from an underperform rating to a neutral rating and set a $11.50 price objective for the company in a research note on Tuesday, October 24th. Finally, ValuEngine raised shares of The AES from a hold rating to a buy rating in a research note on Friday, December 1st. Two analysts have rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the stock. The stock presently has a consensus rating of Hold and a consensus target price of $12.70.

Shares of The AES (AES) opened at $10.80 on Wednesday. The AES has a one year low of $10.00 and a one year high of $12.10. The stock has a market cap of $7,019.91, a PE ratio of 10.52, a P/E/G ratio of 1.28 and a beta of 1.21. The company has a debt-to-equity ratio of 3.20, a quick ratio of 0.89 and a current ratio of 0.99.

The AES (NYSE:AES) last announced its quarterly earnings data on Thursday, November 2nd. The utilities provider reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by ($0.05). The AES had a negative net margin of 5.43% and a positive return on equity of 15.14%. The business had revenue of $3.63 billion for the quarter, compared to analysts’ expectations of $3.63 billion. During the same period in the prior year, the company posted $0.32 EPS. The firm’s revenue was up 2.5% on a year-over-year basis. equities analysts expect that The AES will post 1.01 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, February 15th. Stockholders of record on Thursday, February 1st will be paid a $0.13 dividend. This is a boost from The AES’s previous quarterly dividend of $0.12. The ex-dividend date is Wednesday, January 31st. This represents a $0.52 annualized dividend and a dividend yield of 4.81%. The AES’s dividend payout ratio is -41.03%.

In other news, CFO Thomas M. O’flynn purchased 9,500 shares of the company’s stock in a transaction dated Monday, November 13th. The stock was acquired at an average price of $10.64 per share, with a total value of $101,080.00. Following the purchase, the chief financial officer now directly owns 219,131 shares in the company, valued at approximately $2,331,553.84. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Also, COO Santos Bernerd Da purchased 4,700 shares of the company’s stock in a transaction dated Monday, November 13th. The stock was purchased at an average cost of $10.60 per share, with a total value of $49,820.00. Following the purchase, the chief operating officer now owns 96,186 shares in the company, valued at $1,019,571.60. The disclosure for this purchase can be found here. In the last three months, insiders bought 38,832 shares of company stock valued at $401,407. Corporate insiders own 1.09% of the company’s stock.

Several institutional investors have recently bought and sold shares of the company. Parametric Portfolio Associates LLC grew its stake in shares of The AES by 7.8% in the 3rd quarter. Parametric Portfolio Associates LLC now owns 2,913,485 shares of the utilities provider’s stock valued at $32,107,000 after buying an additional 211,075 shares during the period. Public Employees Retirement System of Ohio grew its stake in shares of The AES by 7.9% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 312,162 shares of the utilities provider’s stock valued at $3,440,000 after buying an additional 22,799 shares during the period. Cypress Capital Group purchased a new stake in shares of The AES in the 3rd quarter valued at approximately $138,000. Sterling Capital Management LLC boosted its position in shares of The AES by 171.0% during the 3rd quarter. Sterling Capital Management LLC now owns 82,609 shares of the utilities provider’s stock worth $910,000 after purchasing an additional 52,127 shares during the period. Finally, Piedmont Investment Advisors LLC purchased a new position in shares of The AES during the 3rd quarter worth approximately $668,000. 93.80% of the stock is owned by institutional investors and hedge funds.

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About The AES

The AES Corporation is a holding company. The Company, through its subsidiaries and affiliates, operates a diversified portfolio of electricity generation and distribution businesses. It is organized into six strategic business units (SBUs): the United States; Andes; Brazil; Mexico, Central America and the Caribbean (MCAC); Europe, and Asia.

Analyst Recommendations for The AES (NYSE:AES)

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